The world’s foremost precious metals experts, from Bloomberg to Forbes Magazine to the Chicago Mercantile Exchange predict an upswing in the price of silver. The US currency is currently in the bottom half of its historical volatility and that is when gold does its best – so a weaker dollar means gold will likely take off as well, continuing for three more years before other forces inevitably lead it back into a downward spiral.
The Chinese yuan will drop to parity with the US dollar. Real economic activity in China is going to get worse and the demand for physical silver is going to increase as the commensurate price increases. There is an increasing number of people who are buying silver coins, as they become more and more inexpensive as they are manipulated lower and lower by the Govt’s manipulation efforts.
Prediction of Silver Price: Silver rallies on weakening dollar
The US dollar is going to drop a lot lower and silver will be used more and more as the yuan weakens. It may drop below the 15-year low of 6.998 and become a major factor in the short-term price of silver – especially if gold rises to $1,450 or higher. Keep in mind these are only my opinions, I am not telling you what you need to do…that is your job! I am telling you when it will happen.
The price of silver is currently struggling to regain territory it lost during the dollar’s rally. The problem with using the dollar index in this case, is that it usually takes a lot longer for the effects of a weak currency to be felt in commodity prices. It may be several more months before silver rallies…but when it does, you will want to be ready.
Silver prices rebounded after breaking down:
The silver price took a lot of hits during the last two years, but it bounced back and is now in a range that I expect will hold for months. The reason for this is because silver took a beating during the last two years, and there was so much money pumped into all markets, including gold share prices and precious metals that it was able to maintain its footing.
The problem is that, the money pumped in was not real. It was funny money, created out of thin air to cover up the massive debts that have been heaped upon us by our insane politicians. I expect their efforts to fail and there is a statistical probability of this happening as we move into July and August.
The price of silver has fallen:
I expect the price of silver to rally above the range it has been in for the last two weeks. This is because the dollar has fallen and will dip below 6.5 and, therefore, a lot of traders will have to look for a new home for their money. Silver is one of the most liquid commodities and therefore will be flooded with this money if it falls as low as some people believe it can/should.
The price of silver is struggling:
In my opinion, the price of silver will rally above $15 in the next few days and that will be the area I want to trade. This is because I expect an attempt by RBA (Australia) to “stimulate” the economy by loosening its monetary policy. If this happens, you can expect gold to rally and possibly recover to a high of $1,450 or higher.
Silver is a cheap buy:
Last week, the price of silver broke down because of the movement in the dollar. The reason for this is that if you look at the silver chart and convert it to a dollar chart, you will notice that it has not moved too far from $15 since March of 2008. Since then, we have had an asset bubble (crash), which deflated it and an attempted recovery, which was stalled by the Federal Reserve’s policy of pumping more fake money into markets…especially precious metals.
